QUESTIONS WITHOUT NOTICE

Senator GALLAGHER (Australian Capital Territory—Minister for Finance, Minister for the Public Service, Minister for Women, Minister for Government Services and Manager of Government Business in the Senate) (14:43): The tax reform includes a range of other measures. There is $3.8 billion of investment into businesses: the R&D tax incentive, the venture capital arrangements, the instant asset write-off—a whole range of areas in this tax reform package that are about investing in innovation, dynamism and supporting investment; all of those.

I would also say that what we've done here is make sure that working Australians, those that earn their income through wages, are getting a better deal through tax cuts. And it's right, Senator Bell—if you earn your income through wages, why should you be paying more than someone who earns their income from assets? Why?

What we're doing is making sure that it's a much fairer system. Senator Bell: A point of order on relevance. I'm still waiting to hear the actual industry.

Can you name the industry? The PRESIDENT: Thank you, Senator Bell. The minister is being relevant, and I'll continue to listen carefully.

Senator GALLAGHER: All of those areas that I talk about, such as innovation and dynamism, occur across the economy. It's all areas, Senator Bell. I know you don't agree with it, but that's the case, they're the facts and that's the budget we handed— (Time expired)